Corporations Regulations 2001
This regulation is made for the purposes of paragraph 500AE(3)(f) of the Act.
5.5.06(2)
If the liquidator of a company adopts the simplified liquidation process on a day, the liquidator must, within 2 business days after that day, lodge with ASIC: (a) notice in the prescribed form (if any) of the adoption; and (b) a copy of the declaration given by the directors of the company to the liquidator in accordance with section 498 of the Act.
Note: Failure to comply with this subregulation is an offence: see subsection 1311(1) of the Act.
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